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Dec 21, 2012 5:00pm PST
." nobody likes a scrooge, and i've got the numbers to prove it. darden restaurants, ever heard of them in the umbrella corporation behind chains olive garden and red lobster, well, they did their best to avoid providing their workers with health care. now they're paying the price. here is the story. back in october, the company launched an anti-obama care experiment. darden quietly started putting more workers on part-time status. under obama care, darden wouldn't be required to provide coverage for its part-time workers who make up 75% of the company's workforce. fewer full-time employees, fewer people to insure. but once the media caught wind, so did the consumers. and karma comes in the form of a income, a net income drop of 37%. the american people are speaking with their wallets, and darden numbers tells us the american people don't like ceos who screw their employees out of health care. darden now claims that their actions were misinterpreted. but this isn't the first time the company has tried to shortchange its workers. a restaurant workers organization found that darden pays a
Dec 6, 2012 4:30am EST
-force and will be felt worldwide. no word on how many jobs in the u.s. will be lost. >>> darden restaurants is backing away from its plans to limit health care costs. darden who owns olive garden and remember lobster was planning to bump full-time workers down to part-time status to avoid costs associated with president obama's health care law, citing a publicity backlash and a down graded profit outlook. darden announced that none of its full time employees will have their hours cut as a result of the new regulations. >>> well, believe it or not you'll be seeing more starbucks cafes popping up. the coffee chain is planning to add 1,500 locations in the next five years. more are planned for canada and south america as well. >>> and having the most watched youtube video in u.s. history sure can pay the bills. south korean pop star psi is set to make at least get this $8.1 million this year off of his hit song "gangnam style." that just is from the ads on his youtube video and sales of the song on itunes. terrell, we've got to get some itune singing/dancing thing going on. >> you
Dec 21, 2012 4:00am PST
likely to go down than up. it was a slippery second quarter for darden and scholastic. earnings disappointed at both companies. at darden, income fell by 37%. last month darden, which runs olive garden and red lobster, faced pushback after its ceo said it would hire more part- time employees due to the expense of health care reform. superstorm sandy and failed promotions also hurt profits. meanwhile, at publisher scholastic, profits are down 25% after disappointing sales of the book turned movie "the hunger games." the company said it will freeze hiring as part of an overall effort to save 20 to 30 million dollars. a picture perfect problem for popular instagram. the photo sharing tool recently revealed a change in its privacy policy allowing it to use the public's photos for financial gain in ads. kardashian is among a slew of celebrities who say they will drop the service if instagram doesn't change that policy stat. a new bump in the road for toyota. two different 2013 models, the flagship camry sedan and the prius v wagon, failed an important crash test adminstered by the in
Dec 19, 2012 11:00pm EST
about darden restaurants. it's my portfolio's largest position. i was just wondering, with the stock dropping and darden lowering its guidance last week, should i brace for another drop tomorrow with earnings out? or maybe they're sandbagging, i don't know if that's at all possible. i was wondering, even though they expanded olive garden and red lobster throughout and throughout the south rural areas what should i look for? >> well, look, i've got to tell you, darden -- the only people i know didn't like darden were the guys from the deadliest catch. darden doesn't give them enough for their crabs. and i've got to tell you, isn't that interesting? they get the stuff cheaply. i happen to love red lobster, love going to olive garden, long horn steak house is a favorite of our staff. capital grill, i was there last monday. these literally are the best brand names. the question, sir, is why isn't the company doing better? i think management's the issue. i'm disappointed in the way the company's been delivering, their ads have been missing, numbers going down. if it weren't for the
FOX Business
Dec 26, 2012 12:00am EST
us. i want to start with some news from clarence otis, ceo of darden restaurants. obviously he came out and said that the forecast for his company going forward is looking bleak for a couple of different reasons. he said the negative media coverage that focused on darden and how they might accommodate health care reform has really hurt the company. he was someone who came out and said they would have to go ahead and use many more part-time workers because obamacare was simply too expensive. there was a big backlash against that. so he is going to have to go ahead and as a result, they will keep their full-time workers on. they will really stuck with the cost of obamacare. he also said, you know, they're having a tough time because people aren't coming into the restaurants because economy is bad. in my mind he spoke out. got punished for it. at the same time the economy is terrible. he is really struggling. at the end of the day he will not hire more people. this is a position a lot of business owners are in. jamie, what do you think about that. >> darden has great brands. it's a gre
Dec 5, 2012 4:00am PST
healthcare law. darden restaurant group, owner of the olive garden and red lobster, just cut its profit forecast for the year, specifically citing failed promotions and the pr problem it encountered after admitting to limiting employee hours. under the affordable care act, companies with more than 50-full time employees are required to offer basic health coverage for workers or face a fine. other restaurant chains have also generated backlash after publicly complaining about obamacare. "i think the point is that the restaurant industry shouldn't expect to be able to have this advantageous position relative to many other industries that employ a lot of people and do pay healthcare benefits. and, quite frankly, it is the law, so we'll all have to deal with it and manage through it. that was restaurant consultant bob goldin of technomic. darden shares were down 10% yesterday. the founder of software company autonomy is on the defense. this week, autonomy founder mike lynch launched a website addressing allegations of accounting fraud by hewlett- packard. hewllet recently accused autonomy e
Dec 7, 2012 4:00am PST
. darden restaurants says that it won't cut employee hours after all as a way around paying for employees' healthcare. the parent company of olive garden and red lobster claimed paying for basic healthcare coverage for all full-time employees, as mandated by obamacare, would be devastating. as a result, it had planned to bump some full- time employees down to part- time. after what it calls "negative media coverage," darden has reversed course and says it will not do so. it's not just santa working around the clock in the days before christmas. now, so are macy's employees. the nation's largest department store chain has announced that most of its stores will remain open for 48 hours straight the weekend before christmas. a note to procrastinators: after closing at midnight on december 23rd, some stores will be open on christmas eve until 6pm. the hardcore push by retailers to get holiday shoppers in the door won't be going away anytime soon. the latest data shows thanksiving was a bigger shopping day than black friday. according to a new reuters poll, 30% of respondents said th
Dec 7, 2012 4:00am EST
darden restaurants announced they were putting more workers on part-time status in stead of full-time to see if they would be able to limit the cost of complying with the new health reform law. under the new law, big companies like darden have to either offer health insurance or pay a $2,000 fine for each full-time employee. over 30 employees who ends up using public subsidies to buy health care. you catch those words there, though? full-time employees or their equivalent. so the thinking went, if you have fewer full-time employees, that equals less money spent on health coverage would equal profit. thus began darden restaurants in trying to dodge obama care. the schemes are kind of unpopular in america. this week the company to lower its earning estimate for next year in part because of the bad press they got for health reform shenanigans. people aren't going for dinner special. 2 for $25 olive garden dinners are not a good enough deal in post-recession america. today was the end of the line in health reform dodging. their test in using fewer employees, providing them with health insura
Dec 6, 2012 3:00pm PST
one. darden's restaurant which owns olive garden and red lobster and other chains says it will cut full-time hours so they wouldn't have to give them what was health insurance. they want service treated right and darden's anti-health care crab fest hurt the bottom line. the company's ceo lowered expectation next year based, in part, on the recent media coverage that focused on darden and how we might accommodate health care reform. fallen revenues linked to the rhetoric. it now says no current workers will lose full-time status and in 2014, hourly employees will be able to get the same insurance as executives. the tide is turning on the health care law. 49% of the country want to keep or expand the law while only 33% support repeal. that's the lowest support for repeal since the law was passed in march of 2010. did red lobster think that they could deny that this is the claw of the land? nice try, but we've got you. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn
Dec 4, 2012 9:00am EST
to figure out what darden was saying in this release. >> i don't get it. i got to tell you, this is one that's been void by the divid d dividend. a series of disappointment and it creeps right back up. i don't know when that stops. when did people say red lobster and olive garden aren't doing that well. i don't know -- it will probably happen again. there will be guys coming tomorrow to buy darden because red lobster, olive garden, maybe things will get better. i am questioning whether there isn't something structurally wrong that these don't do well. >> their discounting did not resonate with stretched consumers. >> it's not resonated when things are good. maybe just not resonating. the difficult is that my olive garden jams constantly. this is one of those problems where you say -- when i go it's crowded. how can i not buy an airline. i can't get a ticket. i would say buy it tomorrow. that's what's been happening over and over again. >> starbucks? >> big meeting coming up. howard schultz doing starbucks day. they also like dunken. coffee stocks have held well. starbucks will be a
Dec 4, 2012 11:00pm EST
banker. later in the show. heard about a weakened consumers today from not only than darden. a particular favorite to the "mad money" stf. stock pummeled and finished down. a stable operation. it yields an astounding 4.22%. scoop it up. but, may not be the protection. it doubles the tax on dividends. can't be in there saying -- darden. one of the biggest retail juggernauts. the gap. sales have become sloppy to surrender $3.57 or 10%. although that doesn't spell the death of retailers, we go off the charts tonight. sectors are really doing -- how are they doing? we just witnessed -- relentless pressure in the oil sector. the department doesn't believe going over the cliff will stifle energy command. today is the first day when the group got any lift at all. so what do we do? people are worried the economy is slowing because of the cliff. so what do we do? is it game over for equities should i take my -- hall of fame today and just go home? no, no, no. let me first say absolutely not. we simply have to get eveninger to a cliff resolution or to a situation where no one expects res
FOX Business
Dec 6, 2012 9:20am EST
quote on apple as we open trading this morning. darden restaurants, owners of course of the olive garden chain. perhaps i was wrong, maybe charles payne was right. darden says it will hold off on cutting employee hours to save on obamacare costs. charles said they were doing it under pressure from the media. i said that i didn't agree with that, but nicole, the stock is-- >> the stock is lower. it's slightly lower this morning, but as you noted, they did a test in october to see whether or not putting some workers on pardon time status. this is a test to try to limit the costs they would face with the new u.s. health care law. based on this test they decided not to change any of their full-time staffing plans for 2014. stocks are slightly lower, don't forget they had terrible numbers, too. >> but they say it was based on their tests. >> right. stuart: some people say they're backing off because they got bad publicity when they started talking about putting people on part-time work instead of full-time because of obamacare. >> you know what? some people would say that, stuart. stua
FOX Business
Dec 5, 2012 9:20am EST
o'clock eastern. then we have darden restaurants, the parent of olive garden, red lobster. it says its businesses could be hurt by bad publicity. darden said it might cut hours for some workers in order to avoid having to provide health insurance for them under obamacare. and a rift in the liberal media because of that. it might be a stretch in my opinion and maybe a stretch people saying they'll stop going to restaurants because of it. and a debate on that. darden, obamacare later in the hour. and breaking news from citigroup, too, it's cutting 11,000 jobs, it calls it part of its repositioning. it says it will save a billion dollars a year and the stock is going to be up at the opening bell. hope for the best, but plan for the worst. that's what companies are doing. more than 200 of them are getting ready for the expected dividend tax like next year by paying dividends now. we'll talk about it, call it the tax dodge. talk about it after the opening bell next. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with s
FOX Business
Dec 4, 2012 1:00pm EST
health care plan. charles: this is much broader than darden. social and economic change on businesses. with the white house and the help of the media, it is doing a great job. not just on social issues, even on things like obamacare. darden reported their numbers today. you can see they are bad. even all of garden was down. melissa: a huge hit on the stock. charles: in light of the changes, precautions for sales and earnings for the full year. our outlook also reflects the potential impact, though, difficult to measure, focusing on darden google fulfillment and how we may accommodate healthcare reform. we will have a 5% surcharge because of obamacare or we will build or people from full-time to part-time: the public outrage is amazing. denny's, papa john's and applebee's all immediately said healthcare will kill us. their brand index plunged. when i say plunged, it plunged. businesses better wake up to be careful about this. melissa: what do they do for about it?uld they just not talk do you think people really don't go in and eat at applebee's because they said something negative qui
Dec 4, 2012 6:30pm PST
. olive garden and red lobster owner darden restaurants fell 9.6% after warning earnings will be disappointing, thanks to sales declines. as the competition for top films has increased between online streaming providers, netflix will get exclusive pay-tv access for first-run disney movies, beginning with 2016 releases. it is a three-year deal that puts netflix in direct competition with traditional cable channel's like time warner's hbo, cbs' showtime, and the starz channels owned by liberty media. netflix boosts its content offerings with disney films online at netflix seven to nine months after they're in theaters. as for disney, there's speculation this could be the start of a bigger deal. >> tom: while there was no price tag on what the disney movies will cost netflix, netflix stock shot up on the deal, jumping 14 points to an eight-month high. the deal did not move disney shares, though. they were up just one penny. the news wasn't so optimistic for another new media company, online radio operator pandora. after the close, pandora reported it earned a nickel per share in the
Dec 5, 2012 2:00am PST
was first reported in the "wall street journal." meanwhile darden is blaming a lackluster quarter on poor promotions and backlash over its stance against obamacare. the federal administration aviation is requiring boeing 787 have their fuel line connectors inspected over possible fuel leaks or fire. >>> john mcafee has turned up in guatemala city seeking political asylum. he's wanted as a person of interest about the murder of a fellow american. back on the street, keep an eye on pandora. it plunged 23% after the bell. and does it sometimes feel like you spend your whole life on line? according to a report, the united states spends 121 billion minutes on social media sites. this was just in july. that is more than 230,000 years. as you can imagine, it's facebook, twitter, linked in and pinterest that were among the biggest. >>> bob costas talked about the firestorm over his comments following the murder-suicide by jovan belcher. >> what i was talking about here, and i'm sorry if that wasn't clear to everybody, was a gun culture. i never mentioned the second amendment. i never used
Dec 5, 2012 7:00am PST
applebee's and denny's lost street cred with the public after they made anti-obama comments. darden is added to that list. one of the reasons the company cited was coming cost of health care reform through the affordable health care act. darden is one that has complained the new health care law will hurt their razor thin margins because it requires companies to offer basic health insurance for full time employees or you could pay a fine. >> there are two stories parents will love this morning, about entertaining their kids, netflix and amazon with new deals. >> there's a new sheriff in town and it's netflix as you said. the company acquired the rights to disney movies starting in 2016. this is really significant because it's an outright blow to stars which previously held the rights to the disney movie collection and other pay channels that have shown movies first when they're out of the theaters. netflix's chief content officer called this a bold leave forward for television. it was good for a 12% bump in the stock yesterday. >> jackie good to see you, thank you. >>> the life of a hol
Dec 14, 2012 6:00pm EST
hurricane sandy. darden gives us results. it's on thursday. the bar's been set very low here. but not lower than the company itself. and as far as i'm concerned, maybe it's time to think about a new transitional management team at darden if they fail to get it together soon. almost every other restaurant chain in this period has been having a good run, while the parent of olive garden and red lobster has been endlessly disappointing. and the recent preannouncement tells me not to expect any imminent changes. amazingly bad same-store sales. periodic blip up, sucks people in, and then more bad same-store sales. a couple more disappointments and people will start worrying about that bountiful dividend which currently gives you a 3.4% yield. that will be the ultimate red flag. we also get results from discover financial. the credit card company's been the cheapest of the big three. mastercard. my charitable trust owns nap and visa. discover's been consistently beating expectations of late, which is why it is up 65% for the year. all that said, believe it or not, the stock might have a
Dec 4, 2012 2:00pm EST
more hesitant. mandy, along the consumer lines, did you see what darden restaurant also to say, quite surprise, they are very good at managing their company and they came out, said they were disappointed by the recent promotions they had seen and were basically down. >> how dare you question the power of the american consumer. thank you very much. >>> the market does remain laser focused on the fiscal cliff, with just 27 days to go and less for the official congressional session. president obama and john boehner making comments on the issue a short time ago and according to our deal meter, there it is, still only a quarter of the way there. we have got all sides of this story covered. john harwood live at the white house. eamon javers on capitol hill and the president's comments. >> the president gave an interview to our colleagues at bloomberg and said a couple of things. first of all, his priorities now trying to break republicans in their resistance to raising the top rate by some amount, a stance republicans have been consistent on. more revenue, question, not higher rates,
Dec 4, 2012 6:00pm EST
in the show. we heard about a weakening consumer today from the owner of darden. which happens to be part of the "mad money" staff. finished down 8.9%. it yields 42%. but, that yield might not be the protection it used to be. that more than doubles the tax on dividends. we saw one of the biggest retail jugger nauts, the gap. sales have become sloppy to surrender $3.57 or 10%. although that doesn't spell the death of retailers, we go off the charts tonight. and we witnessed downward pressure in the oil sector. today is the first day when the group got any lift at all. so what do we do? is it game over for equities should i go home? no, no, no. let me first say absolutely not. we have to get either to a cliff resolution, or so the situation where no one expects the resolution. going with the latter, hey, that is new. let me walk you through here. today last week. if you recall, we heard from a host of executives. they felt like compromise was in the air. it was real and eminent. we heard from the ceo of goldman sachs. it could be hammered out without real difficulty if it were in the p
Dec 8, 2012 3:00am PST
change of hard. on thursday the company issued this statement "none of darden's current full-time employees, hourly or salaried, will have their full-time status changed as a result of health care reform." >> if you're planning to follow up that saturday night dinner with a movie, perhaps. netflix is back in the news and the issue is raising a very interesting subject. here's the background reed hastings posted a comment on his facebook page. netflix customers were viewing more than 1 billion hours a month. >> the company never issued a press release nor did they tell security and the security and exchange commission. so, therein lies the problem. they have to make public announcements when it is considered material to shareholders. they notified facy eied ceo for information on his facebook page. >> what about when you go out for dinner and a movie and you want to put on cologne and some perfume, this one got our attention. if you love the smell of a pizza box being opened, that fresh pizza dough. >> the pizza dough smell. >> i love it. well, this is the scent for you. it's, in f
Dec 4, 2012 5:00pm EST
not seen a valuation we like here. >> drop for darden. >> if you miss sales your stock gets hammered. it is a big theme. >> drop for gap down 10%. >> their comps the last month weren't great. that is sahuge move for this. that is a monster move for a stock that has been a monster this year. i am inclined to buy at some point tomorrow. another day of selloff. >> drop for diana shipping down 1%. >> got problems in the shipping business. we are building huge new ships that carry 18,000 teus and we are wrecking the ships that carry 5,000 and 6,000. we are destroying three and four ships and bringing on one. a lot of supply. >> big pop for big lots. >> this after better than expected earnings in the form of a smaller than expected loss which is what the street was looking for and this after a couple of consecutive bad earnings results and also the ceo announced that he will be retiring. the stock does look cheap but i think they have real problems. >> and we get a pop for love. playboy magnet hefnerer is proving love knows no age. they are engaged to be married for the second time. last y
Dec 1, 2012 4:00am EST
become quite inhospitable of late. with everyone from mcdonald's and darden, cracker barrel and chipotle disappointing the street, only panera has remained strong. my takeaway please don't draw conclusion that china's back sliding. we have way too much evidence to the contrary. just conclude that something's awry right now in china for yum, for the colonel. and just specific to him. and that not too long from now chairman ceo david novak will fix it so ultimately there will be better times ahead for yum. stay with cramer. >>> stay connected to cramer on >>> make sure to catch me this weekend on "meet the press" with david gregory,
Dec 18, 2012 5:00pm EST
mcdonald and darden decreasing, i think investors are buying down on food. you look at the average ticket is below 10 bucks, people have to eat. in europe, it got weak and sa same-store sales weak a come dot feature and if they get an increasing dividend, that's an attractive option going forward. >> i'm curious about intel and all the prognostications about the death of the pc. and even in tech land, why intel? >> it's trading nine times earnings, seeking $12.5 billion in capital expenditures every year. has a newnan nometer chip and the only problem it doesn't have association with apple. you look at samsung's price increases with apple, if they find a way to associate with apple, positive. margin ways, specifically india and china. you have large dividend yield, low debt, very cheap and will hold up better because expectations, there's not many of them. the stock is, i think, a very good opportunity because expectations are so low. >> mack, good to see you. >>> time now for what you might have missed in pops and drops. arcos dorados. >> it's playing it down low. it isn't that gr
FOX Business
Dec 4, 2012 9:20am EST
issue as well. well, here comes the judge. he will be new at 10 on this one. got it. shares of darden restaurants, they're down today and they're the company that runs olive garden, red lobster, and they're down a lot. why is that, nicole? >> this is not good news here, they did a ton of promotions and now they're saying the promotions didn't work and in turn they're expecting numbers for the earnings season that will be below the analyst expectations and they're expecting sales at the olive garden to be down 3.2%. and at red lobster, 2.7% so sales are weakening, the earnings per share below what they anticipated and so, now, the ceo, so interesting, we need to come up with a new plan and we are going to work on different promotion because the current quarter is disappointing. do you think? >> well, nicole, hold on a second. the promotions i'm not sure which restaurant chain did it, but they promoted 2 for 20. two people-- oh, that was applebee's apparently. >> all right. stuart: my chains-- >> and let me ask you a question, general petraeus and broadwell, do you think they were texti
FOX Business
Dec 6, 2012 6:00pm EST
around raise prices. papa john's and darden restaurants which operates olive garden and lobster. is the anger misdirected. ought tlor of the revenge of brand x. how to build a big-time brand on the web or anywhere else. rob, thanks for joining us. why is it these brand are taking a hit right now? what is it about the message that the ceos put out that the public doesn't like? >> well, first of all, it's great to meet you, gerri. gerri: thanks for coming on. we appreciate it. >> yes. first of all you've got to realize this is comedy of errors. it is a confluence of branding mistakes and i must tell you that overall, what this really is a lack of brand strategy on all the brands you mentioned. they are actually incredibly inept at handling their own brands. gerri: well, if so, what do you think the ceo's did wrong? >> well, it is really interesting. we have a joke how do you know the agency is, you know, in danger of losing an account? that is they put the ceo in the commercials. that is guarrnteed to keep it for a year. they're terrible. gerri: chief executives that they actually spo
Dec 4, 2012 12:00pm EST
he is worried about the backlash from darden being very visible and cutting back their full-time workers less than 30 hours week so they don't have to pay for obama carism would say that is very, very interesting. watch for other companies to do it. otherwise the cost goes up for these food restaurant chains. >> a pop for puppies. many college students are looking for twice ease stress during final exams. one canadian university has gone to the dogs. starting today, dalhousie university in halifax, nova scotia, is throwing students a bone by providing a puppy room where students can destress among four-legged friends. although the idea may seem barking mad, organizers promise that simply pekt the dogs will help relieve anxiety. >> we need one for the "fast money" guys, petting, with dogs. >> move on. >> no comment. >> let's go somewhere else. >> seem marks help us. >> i'm here, guys have no fear. here's what's coming up next on the cnbc "fast money" show at 5 p.m. eastern. she was the most closely watched analyst at the height of the 1990s tech boom, today, mary meeker's tech pre
Dec 17, 2012 9:00am EST
. oracle, expectations big data play. here's darden, can they turn around red lobster. i think one of the problems is, there's an article today about what cliff. and that's because when the individual stocks, unless they reference the cliff, you just don't feel that it plays a role. >> you've got the journal and the "times" with both stories about how next year might be okay in terms of cap x. tepper on squawk today, using a phrase, i'm not sure if we can repeat, in terms of putting your assets toward stocks when the fed is printing so much -- >> do you want to say it? >> i'll let david say it. >> no. >> when you are -- saying you're driving fast, another way of saying pedal to the medal -- >> to the wall. >> to the wall, all right. >> he also made a mention of carried interest, saying get rid of it. >> that's the conversion, by the way, people during the '80s, ronald reagan hated the conversion of ordinary income to capital gains. it was a scourge for him. they've so discredited it, now reagan seems like a radical democrat. >> fedex also on tap this week. they're actually here doing
Dec 14, 2012 9:00am EST
lobster 689 darden's report next week, be careful. >> but they have a good amount of cash on the balance sheet. some of that is being used for these acquisitions. we'll see how the stock reacts today. from my reckoning, they are buying at a lower multiple than they currently trade at at discovery. the deal is expected to be accretive. unclear about synergies. but they do have a lot of operations on the ground in many of these countries already. we'll keep an eye on shares of discovery. >> powerful story. >> it is. eagles coming off a rough night. but cramer's going to show you how to score a touchdown in the market today. "mad dash" is coming up next. you'll want to hear from republican congressman nick mulvany from south carolina who has a history of voting against speaker boehner's wishes. looks like an update so far. we'll see how we're doing when it opens in a few minutes. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up tha
Dec 20, 2012 4:00am EST
. as for earnings, we'll get earnings from conagri foods, nike, darden and research in motion. u.s. futures are trying to rebound today. if you take fair value into account there by nearly 40 points for the dow, nasdaq and s&p 500 higher, too. for more on what to expect today, michael crofton is president and ceo of the philadelphia trucking company. michael, what are we keeping an eye out for today? >> obviously, we'll be watching washington pretty closely. boehner will bring his plan b to the floor today and the president has promised a veto, so that should be kind of exciting. >> kind of exciting, i guess, or kind of frustrating if you're sick of following these negotiations hoping for a deal. there aren't many days left in the year. >> no, absolutely not. and i actually think we'll probably go over the cliff briefly. it's more of a slope than a cliff if you look at what happens when we pass the year-end numbers. but i think longer term, that's probably going to be good because it will lead us to a much more comprehensive and reform minded solution. a short-term solution is not
FOX Business
Dec 13, 2012 9:20am EST
$68 a share. 68 they say heading higher. goldman is downgrading darden restaurants. t it says -- it says the turnaround at olive guaarden is slow. it is down. boston beer makes sam adams beer, it expects to make more money next year, simple reason it is selling more beer. the stock hit all-time high today. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. stuart: the federal reserve is going to start tying interest rates to the unemployment rate. ben bernanke says he will not raise interest rates until unemployment is down to 6 1/2%. there's the link. all rise, judge andrew napolitano. i haven't even got his name out and he is shaking his head. what's so wrong with the federal reserve saying look we need 6 1/2% unemployment and we're going to move heaven and
FOX Business
Dec 6, 2012 11:00am EST
providers on that end have their own challenges. dennis: darden restaurants that we may bumps employees below 40 hours to avoid obamacare requirements and backed off after a backlash in the media. do you think employers are going to be basically cowed politically from not doing that or do you think we will see a lot of employers cutting people back to get out from under the requirement? >> what we learned is it is a multifaceted decision. you can't have a knee-jerk reaction. take the number into regulations this many hours, this many employees and start cutting time and cutting employment numbers. it has to be multifaceted decision. you have to think about how is this going to look in the media but you have to look real terms what it will do for more all if we all of a sudden become 49 full time employees overnight it is obvious what the motivation is and there's a difference between full time employees and part-time employees and for a small business who don't have a big marketing budget, they're marketing is direct customer experience. if you have a new type of employee that
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